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The Fed Maintains Interest Rates Even As Inflation Cools

The Federal Open Market Committee said that inflation has eased but is still too high as the group once again held interest rates steady.

The Federal Reserve surprised no one today in announcing that it will hold the benchmark interest rates at the current 5.25% to 5.5% target range, citing a need to still keep inflation in check.

The central bank’s rate-setting group, the Federal Open Market Committee (FOMC), pointed to recent indicators showing that economic activity has slowed from its strong pace in the third quarter.

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